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BRICS Tourism Market

Market Insights on BRICS Tourism covering sales outlook, demand forecast & up-to-date key trends

BRICS Tourism Market segmented by: type, application, platform & region - Forecast to 2032

BRICS Tourism Market Outlook (2022-2032)

[250 Pages Report] The BRICS tourism market is estimated to top nearly US$ 465 Billion in 2022 and is projected to reach US$ 688.31 Billion by 2032 at a CAGR of 4.00 % from 2022 to 2032.

Attribute

Details

Estimated BRICS Tourism Market Size 2022

US$ 465 Billion

Projected BRICS Tourism Market Size (2032)

US$ 688.3 Billion

Value CAGR (2022-2032)

4.00%

BRICS Ratio in global tourism Market

0.07%

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2017-2021 BRICS Tourism Market Outlook Compared to 2022-2032 Forecast

Brazil, Russia, India, China, and South Africa are the five major emerging economies that make up the term BRICS. The governments of the BRICS states have convened formally every year since 2009, and they are well renowned for having a substantial impact on global events. On July 24, 2022, China virtually held the most recent 14th BRICS meeting. In 2022, BRICS will officially host the New Development Bank, the Contingent Reserve Arrangement, the BRICS payment system, and the BRICS basket reserve currency.

The BRICS system seeks to further collaboration, prosperity, security, and peace. It also seeks to create a world that is more equitable and just while making a substantial contribution to the advancement of humanity. At the first BRIC Summit, which was held in Yekaterinburg, Russia, the four countries' elected leaders publicly proclaimed their membership in the BRIC economic bloc. In December 2010, South Africa received an invitation to join the group, resulting in BRICS.

Image

According to information from the World Travel and Tourism Council, the direct contribution of travel and tourism to India's GDP in 2015 was INR 2668.3 billion, or 2.0% of the country's overall GDP. This is anticipated to grow by 7.1% in 2016 and is anticipated to grow by 7.9% year between 2016 and 2026, reaching a total of INR 6115.5 billion and making up 2.4% of the overall GDP. The key players profiled in the report are Thomas Cook, Cox and Kings, SOTC, Kesari Tours, Expedia, Signature Tours, Natripp and among others

Why BRICS is important for growth of Tourism Market

The BRIC countries - Brazil, Russia, India, and China - are all experiencing economic growth. They have generally seen faster growth rates than western nations, and they have fared better during the recent financial crisis. In many aspects, it is incorrect to classify the BRICs as "emerging" economies because, by some measures, they are just as developed as the "established" countries. The BRICs need to catch the attention of producers and service providers. Due to their size and rapid growth, they have tremendous potential.

The BRICs have expanded quickly in a number of areas. Data from Global TGI, a global network of market and media research companies that spans more than 50 countries and six continents, clearly demonstrates this.

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Online social media's quick expansion in influencing sales

People search the Internet for trip inspiration and peer validation, using sites for social sharing like Instagram and crowd-sourced reviews like TripAdvisor. They may quickly locate images, check-ins, ratings, and more from other tourists there. The preview of the in-person experience provided by the location from a perspective other than that of the brand is made possible by this simple to obtain, real guest feedback. Since this social media content is so widely available and influential, it can either discourage potential guests from booking or encourage them to do so.

Country-wise Insights

Accommodation trends in China Tourism Market

Chinese tourists have continued to be significant contributors to the hotel industry despite the absence of both international and interprovincial travel. Major Chinese cities experienced a spike in hotel occupancy over the Lunar New Year of 2022 as a result of "staycations." The number of hotel reservations made on the travel website Qunar.com tripled from the previous year in 2021. In fact, the quicker a place was booked out, the more expensive it was. Chinese consumers' expanding purchasing power and consumption allowed them to overspend and usher in the new year in a novel way.

Residents of large cities have switched their purchasing power from booking home travel to reserving nearby hotels to rejoice because they were unable to spend on travel and return to their hometowns for family reunions as normal. For instance, Beijing resident Pan Lei typically spends the new year visiting his in-laws in Guangzhou. Instead, he paid almost 5,000 yuan for a boutique hotel room, which usually only costs 2,000 yuan.

In addition to staycations, several hotels have introduced a brand-new idea for young students called "study cations" to help them survive the Omicron surge. In March 2022, the Mandarin Oriental Pudong offered a "study cation" package that includes daily meals, in-room online education, and butler supervision.

Sports Tourism Market Expand in China

While the outbreak limits international tourism, consumers are more interested in home destinations. Scuba diving, surfing, snorkeling, and paragliding are presently the most popular sports in Sanya. These activities are popular on islands around the world. Beijing, which will host the Winter Olympics in 2022, is the second most popular destination for sports tourists. The province of Shandong in northern China's Qingdao is predicted to become the next important sports tourist hub. Sea fishing, sailing, and sunsets are among well-known attractions. Tourists frequently visit the Olympic Sailing Center and Olympic Sailing Museum in the area. Aside from the top 10 most visited cities, Guangzhou, Hangzhou, Chongqing, and Chengdu are also on the list.

TFCI: A Catalyst in Numerous Successful Travel Initiatives in India

TFCI has served as a catalyst for the growth of infrastructure in the Indian hospitality industry ever since its founding. Additionally, it has enabled other businesses to focus their investments on various tourism-related industries and geographical areas. TFCI was established by a consortium of government entities, including IFCI, LIC, OIC, SBI, BOI, Canara Bank, etc., with projects that have become some of the most well-liked tourism sites in India. TFCI actively contributed to the development of numerous firsts for the country's tourism industry. Some of these firsts include the Palace on Wheels run by the Indian Railways, Esselworld, the wellness and spa resort Ananda in the Himalayas, and many others that are actually acknowledged as unique services.

The leading lending organization has helped numerous branded hotels in India and has ties to practically all significant domestic and foreign brands, including ITC, Leela, Taj, Lalit, Lemon Tree, Hyatt, Marriott, Hilton, Radisson, Holiday Inn, etc.

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Category-wise Insights

Why are Online Booking Channel Preferred by Users?

Movies and social media sites are now frequently used as marketing vehicles. The advertising of travel, airlines, and tours all started with the entertainment business. Product placement, which provided firms tremendous publicity, and becoming the official travel partner of a certain movie were two of the most sought-after new marketing techniques in 2012. On social networking sites like Facebook and Twitter, the consumer base was heavily promoted through flash sales.

Which Tour Type Drives Most Demand in BRICS Tourism?

In 2021, package tourists dominated the tourism Market and helps to boost the economies. In the packages, BRICS experiences are depicted in a variety of ways. For instance, the rise of the segment is being driven by cultural and heritage sites, palaces, and outdoor activities like hiking, horseback riding, cycling, water sports, eco-experiences, cooking and beach adventures, as well as other accommodations.

Which Consumer Type Drives Most Demand for BRICS Tourism?

In terms of consumer inclination, the men's category will hold a substantial market share in 2021. Men are more likely than women to travel because they have better financial resources, more leisure time, and higher salaries.

Which Age Group Drives Most Demand in Tourism Market?

The age group of 26 to 35 years holds a sizable market share, followed by that of 36 to 45 years. This is explained by the fact that a significant portion of millennials are ardent travelers who frequently travel abroad. Wanderlust and the desire to escape the routine of everyday life are what drive millennials. Short vacations to culturally diverse and affluent nations are preferred by these young people. Local shopping and cuisine are also top draws, which helps the sector grow. One-stop social and sports entertainment facilities are well-liked because they give young customers the chance to enjoy not only sports like archery, squash, skating, and air rifle but also food and drink, shows, and sporting events.

Competitive Landscape

The major players in the BRICS tourism sector are utilizing a variety of tactics to stay alive and get an advantage over rivals. Most of the players in the market follow two main steps to establish a competitive environment: merges & acquisition as well as partnership.

Scope of Report

Attribute

Details

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

USD Million for Value

Key Regions Covered

Brazil, Russia, India, China and South Africa

Key Countries Covered

Brazil, Russia, South Africa, China, India

Key Segments Covered

Tourism Type, Booking Channel, Tourists Type, Tour Type, Consumer Orientation Age Group and Region

Key Companies Profiled

  • Thomas Cook
  • Cox and Kings
  • SOTC
  • Kesari Tours
  • Expedia
  • Signature Tours
  • Natripp and among others

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Global BRICS Tourism Market by Category

By Activity Type, Global BRICS Tourism Market is segmented as:

  • Cultural & Heritage Tourism
  • Medical Tourism
  • Eco/Sustainable Tourism
  • Sports Tourism
  • Wellness Tourism & Others

By Booking Channel Global BRICS Tourism Market is segmented as:

  • (OTA) Online Travel Agents
  • Traditional Agents
  • Direct Booking

By Tourism Type, BRICS Tourism Market is segmented as:

  • Domestic
  • International

By Tour Type, Global BRICS Tourism Market is segmented as:

  • Independent Traveler
  • Tour Groups
  • Package Traveler

By Consumer Orientation, Global BRICS Tourism Market is segmented as:

  • Men
  • Women

By Age Group, Global BRICS Tourism Market is segmented as:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46- 55 Years
  • 66-75 Years

Frequently Asked Questions

The global market reached a valuation of US$ 465 Billion in 2021.

The global BRICS tourism market grew at a sluggish 4.00 % CAGR between 2017 and 2021.

Growing influence of social media on tourism along with the growing importance of sustainability are some of the key trends in the market.

Leading players operating in the BRICS Tourism market Thomas Cook, Cox and Kings, SOTC, Kesari Tours, Expedia, Signature Tours, Natripp and among others.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

        1.1.1. Who Is Travelling?

        1.1.2. How Much Do They Spend?

        1.1.3. Direct Contribution of Tourism To GDP

        1.1.4. Direct Contribution of Tourism To Employment

    1.2. Tourism Evolution Analysis

    1.3. FMI Analysis and Recommendations

2. Market Introduction

    2.1. Total Spending (US$ Mn) and Forecast (2022-2032)

    2.2. Number of BRICS based Tourists (Mn) and Forecast (2022-2032)

    2.3. Total Spending Y-o-Y Growth Projections (2022-2032)

    2.4. Number of BRICS based Tourists Y-o-Y Growth Projections

3. Global Tourism Industry Analysis

    3.1. Tourism Industry Overview

        3.1.1. Travel & Tourism Industry Contribution To Global GDP

            3.1.1.1. Business Spending v/s Leisure Spending

            3.1.1.2. Domestic v/s Foreign

            3.1.1.3. Direct, Indirect, and Induced

        3.1.2. Travel Market Contribution To Global Overall Employment

        3.1.3. Travel & Tourism Growth Rate

        3.1.4. Foreign Visitor Exports As Percentage of Total Exports

        3.1.5. Capital Investment In Travel & Tourism Industry

        3.1.6. Different Components of Travel & Tourism

        3.1.7. Global Tourism Industry Outlook

            3.1.7.1. Cultural Tourism

            3.1.7.2. Culinary Tourism

            3.1.7.3. Eco/Sustainable Tourism

            3.1.7.4. Sports Tourism

            3.1.7.5. Spiritual Tourism

            3.1.7.6. Wellness Tourism

            3.1.7.7. Others

4. BRICS Tourism Market Dynamics

    4.1. Market Drivers & Opportunities

        4.1.1. The Trend of Cultural Tourism Gives Rise to Visitors in the BRICS Tourism Market

        4.1.2. Globalization of Content and Ease of Travel Boosting the Market.

        4.1.3. Others (during course study)

5. Market Background

    5.1. Top 10 BRICS Tourism Market Companies

    5.2. Macro-Economic Factors

        5.2.1. Global GDP Growth Outlook

        5.2.2. Global Industry Value Added

        5.2.3. Global Consumer Spending Outlook

        5.2.4. Global Direct contribution of Travel & Tourism to GDP

        5.2.5. Global Visitor Exports and International Tourist Arrivals

        5.2.6. Capital Investment In Travel & Tourism

        5.2.7. Top Tourism Spending Countries

    5.3. Forecast Factors - Relevance & Impact

6. Categorizing of BRICS Tourism Market 2021

    6.1. Introduction/ Key Findings

    6.2. Current Market Analysis By Tourism Type (% of Demand)

        6.2.1. Cultural & Heritage Tourism

        6.2.2. Medical Tourism

        6.2.3. Eco/Sustainable Tourism

        6.2.4. Sports Tourism

        6.2.5. Wellness Tourism & Others

    6.3. Current Market Analysis By Booking Channel (% of Demand)

        6.3.1. Phone Booking

        6.3.2. Online Booking

        6.3.3. In Person Booking

    6.4. Current Market Analysis By Tourist Type (% of Demand)

        6.4.1. Domestic

        6.4.2. International

    6.5. Current Market Analysis By Tour Type (% of Demand)

        6.5.1. Independent Traveller

        6.5.2. Tour Group

        6.5.3. Package Traveller

    6.6. Current Market Analysis By Consumer Orientation (% of Demand)

        6.6.1. Men

        6.6.2. Women

    6.7. Current Market Analysis By Age Group (% of Demand)

        6.7.1. 15-25 Years

        6.7.2. 26-35 Years

        6.7.3. 36-45 Years

        6.7.4. 46-55 Years

        6.7.5. 66-75 Years

    6.8. Current Market Analysis By Region (% of Demand)

        6.8.1. North America

        6.8.2. Latin America

        6.8.3. Europe

        6.8.4. East Asia

        6.8.5. South Asia

        6.8.6. Oceania

        6.8.7. MEA

    6.9. Key Findings, By Each Category

7. Categorizing of Brazil BRICS Tourism Market 2021

    7.1. Introduction/ Key Findings

    7.2. Current Market Analysis By Tourism Type (% of Demand)

        7.2.1. Cultural & Heritage Tourism

        7.2.2. Medical Tourism

        7.2.3. Eco/Sustainable Tourism

        7.2.4. Sports Tourism

        7.2.5. Wellness Tourism & Others

    7.3. Current Market Analysis By Booking Channel (% of Demand)

        7.3.1. Phone Booking

        7.3.2. Online Booking

        7.3.3. In Person Booking

    7.4. Current Market Analysis By Tourist Type (% of Demand)

        7.4.1. Domestic

        7.4.2. International

    7.5. Current Market Analysis By Tour Type (% of Demand)

        7.5.1. Independent Traveler

        7.5.2. Tour Group

        7.5.3. Package Traveler

    7.6. Current Market Analysis By Consumer Orientation (% of Demand)

        7.6.1. Men

        7.6.2. Women

    7.7. Current Market Analysis By Age Group (% of Demand)

        7.7.1. 15-25 Years

        7.7.2. 26-35 Years

        7.7.3. 36-45 Years

        7.7.4. 46-55 Years

        7.7.5. 66-75 Years

    7.8. Current Market Analysis By Country (% of Demand)

        7.8.1. US

        7.8.2. Canada

    7.9. Key Findings, By Each Category

8. Categorizing of Russia BRICS Tourism Market 2021

    8.1. Introduction/ Key Findings

    8.2. Current Market Analysis By Tourism Type (% of Demand)

        8.2.1. Cultural & Heritage Tourism

        8.2.2. Medical Tourism

        8.2.3. Eco/Sustainable Tourism

        8.2.4. Sports Tourism

        8.2.5. Wellness Tourism & Others

    8.3. Current Market Analysis By Booking Channel (% of Demand)

        8.3.1. Phone Booking

        8.3.2. Online Booking

        8.3.3. In Person Booking

    8.4. Current Market Analysis By Tourist Type (% of Demand)

        8.4.1. Domestic

        8.4.2. International

    8.5. Current Market Analysis By Tour Type (% of Demand)

        8.5.1. Independent Traveler

        8.5.2. Tour Group

        8.5.3. Package Traveler

    8.6. Current Market Analysis By Consumer Orientation (% of Demand)

        8.6.1. Men

        8.6.2. Women

    8.7. Current Market Analysis By Age Group (% of Demand)

        8.7.1. 15-25 Years

        8.7.2. 26-35 Years

        8.7.3. 36-45 Years

        8.7.4. 46-55 Years

        8.7.5. 66-75 Years

    8.8. Current Market Analysis By Country (% of Demand)

        8.8.1. Brazil

        8.8.2. Mexico

        8.8.3. Argentina

        8.8.4. Colombia

        8.8.5. Rest of LA

    8.9. Key Findings, By Each Category

9. Categorizing of India BRICS Tourism Market 2021

    9.1. Introduction/ Key Findings

    9.2. Current Market Analysis By Tourism Type (% of Demand)

        9.2.1. Cultural & Heritage Tourism

        9.2.2. Medical Tourism

        9.2.3. Eco/Sustainable Tourism

        9.2.4. Sports Tourism

        9.2.5. Wellness Tourism & Others

    9.3. Current Market Analysis By Booking Channel (% of Demand)

        9.3.1. Phone Booking

        9.3.2. Online Booking

        9.3.3. In Person Booking

    9.4. Current Market Analysis By Tourist Type (% of Demand)

        9.4.1. Domestic

        9.4.2. International

    9.5. Current Market Analysis By Tour Type (% of Demand)

        9.5.1. Independent Traveler

        9.5.2. Tour Group

        9.5.3. Package Traveler

    9.6. Current Market Analysis By Consumer Orientation (% of Demand)

        9.6.1. Men

        9.6.2. Women

    9.7. Current Market Analysis By Age Group (% of Demand)

        9.7.1. 15-25 Years

        9.7.2. 26-35 Years

        9.7.3. 36-45 Years

        9.7.4. 46-55 Years

        9.7.5. 66-75 Years

    9.8. Current Market Analysis By Country (% of Demand)

        9.8.1. Germany

        9.8.2. Russia

        9.8.3. France

        9.8.4. Italy

        9.8.5. UK

        9.8.6. Rest of Europe

    9.9. Key Findings, By Each Category

10. Categorizing of China BRICS Tourism Market 2021

    10.1. Introduction/ Key Findings

    10.2. Current Market Analysis By Tourism Type (% of Demand)

        10.2.1. Cultural & Heritage Tourism

        10.2.2. Medical Tourism

        10.2.3. Eco/Sustainable Tourism

        10.2.4. Sports Tourism

        10.2.5. Wellness Tourism & Others

    10.3. Current Market Analysis By Booking Channel (% of Demand)

        10.3.1. Phone Booking

        10.3.2. Online Booking

        10.3.3. In Person Booking

    10.4. Current Market Analysis By Tourist Type (% of Demand)

        10.4.1. Domestic

        10.4.2. International

    10.5. Current Market Analysis By Tour Type (% of Demand)

        10.5.1. Independent Traveler

        10.5.2. Tour Group

        10.5.3. Package Traveler

    10.6. Current Market Analysis By Consumer Orientation (% of Demand)

        10.6.1. Men

        10.6.2. Women

    10.7. Current Market Analysis By Age Group (% of Demand)

        10.7.1. 15-25 Years

        10.7.2. 26-35 Years

        10.7.3. 36-45 Years

        10.7.4. 46-55 Years

        10.7.5. 66-75 Years

    10.8. Current Market Analysis By Country (% of Demand)

        10.8.1. China

        10.8.2. Japan

        10.8.3. South Korea

    10.9. Key Findings, By Each Category

11. Categorizing of South Africa Brics Tourism Market 2021

    11.1. Introduction/ Key Findings

    11.2. Current Market Analysis By Tourism Type (% of Demand)

        11.2.1. Cultural & Heritage Tourism

        11.2.2. Medical Tourism

        11.2.3. Eco/Sustainable Tourism

        11.2.4. Sports Tourism

        11.2.5. Wellness Tourism & Others

    11.3. Current Market Analysis By Booking Channel (% of Demand)

        11.3.1. Phone Booking

        11.3.2. Online Booking

        11.3.3. In Person Booking

    11.4. Current Market Analysis By Tourist Type (% of Demand)

        11.4.1. Domestic

        11.4.2. International

    11.5. Current Market Analysis By Tour Type (% of Demand)

        11.5.1. Independent Traveler

        11.5.2. Tour Group

        11.5.3. Package Traveler

    11.6. Current Market Analysis By Consumer Orientation (% of Demand)

        11.6.1. Men

        11.6.2. Women

    11.7. Current Market Analysis By Age Group (% of Demand)

        11.7.1. 15-25 Years

        11.7.2. 26-35 Years

        11.7.3. 36-45 Years

        11.7.4. 46-55 Years

        11.7.5. 66-75 Years

    11.8. Current Market Analysis By Country (% of Demand)

        11.8.1. India

        11.8.2. Malaysia

        11.8.3. Indonesia

        11.8.4. Thailand

        11.8.5. Philippines

        11.8.6. Cambodia

        11.8.7. Vietnam

        11.8.8. Rest of SA

    11.9. Key Findings, By Each Category

12. Competition Analysis

    12.1. Competition Dashboard

    12.2. Competition Benchmarking

    12.3. Competition Deep Dive

        12.3.1. Thomas Cook

            12.3.1.1. Overview

            12.3.1.2. Service Portfolio

            12.3.1.3. Strategy Overview/campaigns

        12.3.2. Cox and kings

            12.3.2.1. Overview

            12.3.2.2. Service Portfolio

            12.3.2.3. Strategy Overview/campaigns

        12.3.3. SOTC

            12.3.3.1. Overview

            12.3.3.2. Service Portfolio

            12.3.3.3. Strategy Overview/campaigns

        12.3.4. Kesari Tours

            12.3.4.1. Overview

            12.3.4.2. Service Portfolio

            12.3.4.3. Strategy Overview/campaigns

        12.3.5. Expedia

            12.3.5.1. Overview

            12.3.5.2. Service Portfolio

            12.3.5.3. Strategy Overview/campaigns

        12.3.6. Signature Tours

            12.3.6.1. Overview

            12.3.6.2. Service Portfolio

            12.3.6.3. Strategy Overview/campaigns

        12.3.7. Natripp and others

            12.3.7.1. Overview

            12.3.7.2. Service Portfolio

            12.3.7.3. Strategy Overview/campaigns

13. Social Media Sentimental Analysis

    13.1. Social Media Platforms Preferred

        13.1.1. Facebook

        13.1.2. YouTube

        13.1.3. Instagram

        13.1.4. Twitter

        13.1.5. LinkedIn

        13.1.6. Pinterest

        13.1.7. Google+

        13.1.8. Others

    13.2. Perceptions on the Proposed BRICS Tourism Market Tour Package

    13.3. Consumer Perception for Destinations On Social Media Platforms-Positive and Negative Mentions

    13.4. Trending #Hashtags

    13.5. Social Media Platform Mentions (% of Total Mentions)

    13.6. Region-Wise Social Media Mentions (% of Total Mentions)

    13.7. Trending Subject Titles

14. Assumptions and Acronyms Used

15. Research Methodology

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China Tourism Market

Published : January 1970

Travel and Tourism

Thailand Tourism Market

Published : January 1970

Travel and Tourism

South America Tourism Market

Published : January 1970

Travel and Tourism

European Union Tourism Market

Published : January 1970

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